LOWER PRICES FOR STOCK.
OPINION OF BUSINESS MAN.
The opinion that farmers must bo prepared to accept prices for fat stock for freezing well below those ruling a year ago was recently expressed by a Wellington business man. Last year, he said, freezing companies were giving up to IOOd per lb for lamb, which was quite a halfpenny above London parity. One effect was that farmers were led into paying high prices for sheep, particularly for old breeding ewes, for which 32s to 35s was given at a time when they really were not worth more than 20s to 225. There must be deflation in sheep values this season. It is believed that the opening price for lamb offered by the freezing companies will be under 8d per lb, probably 7?d, which shows a sharp decline on last year. As regards wool, the opinion held by this authority was that crossbred wool compared with last season will average 2d to 3d less.
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Bibliographic details
King Country Chronicle, Volume XXIII, Issue 3076, 7 November 1929, Page 5
Word Count
162LOWER PRICES FOR STOCK. King Country Chronicle, Volume XXIII, Issue 3076, 7 November 1929, Page 5
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